A new study shows that the United States ranks first in the world in overall use of cryptocurrencies, with a score of 7.75 out of 10. Ukraine comes in second with a score of 5.96, followed by the United Kingdom with 5.79. This score took into account the number of cryptocurrency owners in the country, the global Decentralized Finance Adoption Index (DeFi), the number of businesses that have added cryptocurrency payments, the number of BTC ATMs and the monthly volume of cryptocurrency search queries.

The study focused on 50 countries that invest most in cryptocurrency by sampling various indicators.

Experts note that the U.S. and the U.K. lead the way due to factors such as the size of the economy and the degree of crypto-economy development.

Ukraine, the poorest country in Europe in terms of GDP and GNI per capita, nevertheless ranks high on the sum of factors characteristic of emerging economies. Such countries face economic problems characterized by the devaluation of local currency, forcing residents to invest in cryptocurrencies as a means of savings.

Moreover, in the top ten countries by total use of cryptocurrency, Ukraine ranks first in terms of the percentage of the population that owns digital assets (12.7 percent).

It is predicted that in the next three years, Nigeria will become the country with the highest total use of cryptocurrencies. Another study noted that Nigeria has the greatest interest in cryptocurrency, despite a market correction in 2022. It is worth noting that the regulatory aspect affects the adoption of cryptocurrencies in different countries. Notably, most jurisdictions have stepped up their efforts to pass relevant laws.

https://altcoin.ng/us-ukraine-and-the-uk-lead-in-the-use-of-cr%d1%83ptocurrencies/